Cannonsburg, MI Profile: Facts & Data

The primary coordinate point for Cannonsburg is located at latitude 43.0539 and longitude -85.4697 in Kent County. Kent County is in the Eastern time zone (GMT -5).

The Cannonsburg Census Designated Place is located within Township of Cannon, a minor civil division (MCD) of Kent County.

A Census Designated Place (CDP) is a statistical counterpart to a self-governing (incorporated) place such as a city, town, or village. A CDP is not a legal entity and has no governmental functions.

Cannonsburg, MI Data & Demographics (As of July 1, 2024)

POPULATION
Total Population	228 (100%)
Population in Households	228 (100.0%)
Population in Families	194 (85.1%)
Population in Group Quarters¹	0
Population Density	541
Diversity Index²	22


INCOME
Median Household Income	$154,464
Average Household Income	$177,373
% of Income for Mortgage⁴	21%
Per Capita Income	$67,682
Wealth Index⁵	197
Socioeconomic Status Index⁶	High (67.7)

HOUSING
Total HU (Housing Units)	92 (100%)
Owner Occupied HU	86 (93.5%)
Renter Occupied HU	1 ( 1.1%)
Vacant Housing Units	5 ( 5.4%)
Median Home Value	$518,293
Average Home Value	$519,186
Housing Affordability Index³	113

HOUSEHOLDS
Total Households	87
Average Household Size	2.62
Family Households	73
Average Family Size	3.00

NOTES

Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

Cannonsburg, MI - Peer Comparisons by Rank and Percentile

The table below compares Cannonsburg to the other 745 incorporated cities, towns and CDPs in Michigan by rank and percentile using July 1, 2024 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

GROWTH RATE / YEAR	2020-2024	2024-2029
Population	2.77%	0.86%
Households	1.40%	0.68%
Families		0.54%
Median Household Income		0.15%
Per Capita Income		1.44%
Owner Occupied HU		0.69%

Variable Description	Rank	Percentile
Total Population	# 672	10th
Population Density	# 505	32nd
Median Household Income	# 15	98th
Housing Affordability Index	# 273	37th
Per Capita Income	# 33	96th
Diversity Index	# 420	43rd

Cannonsburg, MI Profile: Facts & Data

Cannonsburg, Michigan - Basic Facts

Cannonsburg, MI Data & Demographics (As of July 1, 2024)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Cannonsburg, MI - Peer Comparisons by Rank and Percentile

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